Bay Side Apartments
There are 258 low-income apartments in Georgetown County that offer reduced rents to eligible households.
Rental assistance programs support 669 low-income homes in Georgetown County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $274 towards rent each month.
Affordable rent data for some communities last confirmed on June 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Georgetown County, South Carolina
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
| Housing Authority | Programs |
|---|---|
| Georgetown Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing |
Georgetown County, South Carolina Affordable Housing Data
Income Based Apartments in Georgetown County, South Carolina
Georgetown County features 669 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Georgetown County, South Carolina
There are 258 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Georgetown County.
Housing Choice Vouchers in Georgetown County, South Carolina
On average, Section 8 Housing Choice vouchers pay Georgetown County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Georgetown County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Georgetown County, South Carolina for a two-bedroom apartment is between $1,003 and $1,225.
2024 Georgetown County, South Carolina Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
| Studio | One BR | Two BR | Three BR | Four BR | |
|---|---|---|---|---|---|
| Georgetown County, South Carolina Fair Market Rent | $842 | $848 | $1,114 | $1,478 | $1,582 |
| Georgetown County, South Carolina Payment Standard Range | $758 to $926 | $763 to $933 | $1,003 to $1,225 | $1,330 to $1,626 | $1,424 to $1,740 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Georgetown County, SC Affordable Housing Snapshot
| Total Affordable Apartment Properties | 19 |
|---|---|
| Total Low Income Apartments | 927 |
| Total Housing Units with Rental Assistance | 669 |
| Percentage of Housing Units Occupied By Renters | 23.17% |
| Average Renter Household Size | 2.76 |
| Average Household Size | 2.55 |
| Median Household Income | $42,835 ±$2,695 |
| Median Rent | $821 ±$72 |
| Percentage Of Renters Overburdened | 39.87% ± 5.52pp |
| Total Population | 60,572 |
Population and Household Demographics
Georgetown County is a county in South Carolina with a population of 60,572. There are 23,566 households in the county with an average household size of 2.55 persons. 23.17% of households in Georgetown County are renters.
Income and Rent Overburden in Georgetown County
The median gross income for households in Georgetown County is $42,835 a year, or $3,570 a month. The median rent for the county is $821 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Georgetown County, a household making less than $2,737 a month would be considered overburdened when renting an apartment at or above the median rent. 39.87% of households who rent are overburdened in Georgetown County.
Area Median Income In Georgetown County
Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.
In Georgetown County, HUD calculates the Area Median Income for a family of four as $75,500
Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.
Rental Assistance in Georgetown County
Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.
Income Qualifications for HUD Rental Assistance in Georgetown County
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | |
|---|---|---|---|---|---|---|---|---|
| 30% AMI Income Limits Renters earning up to 30% of the Georgetown County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$15,550 | $19,720 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $48,800 |
| 50% AMI Income Limits Renters earning up to 50% of the Georgetown County AMI may qualify for rental assistance programs that target Very Low Income households. |
$25,900 | $29,600 | $33,300 | $36,950 | $39,950 | $42,900 | $45,850 | $48,800 |
| 80% AMI Income Limits Renters earning up to 80% of the Georgetown County AMI may qualify for rental assistance programs that target Low Income households. |
$41,400 | $47,300 | $53,200 | $59,100 | $63,850 | $68,600 | $73,300 | $78,050 |
© 2002-2024 ApartmentSmart.com, Inc.
Affordable Housing Online is not affiliated with any housing authority or apartment community, and does not manage any affordable housing programs.